27 Jun 2014
NZD/JPY moving back from the highs
FXStreet (Guatemala) - NZD/JPY is trading at 89.28, down -0.03% on the day, having posted a daily high at 89.35 and low at 89.29.
The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is still slightly bullish. NZD/JPY has ridden the strength of NZD/USD of late. The kiwi is making highs that were last seen in July 31, 2011 with the Fed turning less hawkish and investors searching for yield. Event risk now follows in Japan with a number of data releases ahead of the Tokyo open that include CPI and jobs data.
NZD/JPY Levels
Spot is presently trading at 89.30, and next resistance can be seen at 89.33 (Daily Open), 89.35 (Daily High), 89.41 (Yesterday's High), 89.54 (Weekly Classic R2) and 89.54 (Daily Classic R2). Next support to the downside can be found at 89.29 (Daily Low), (Daily Classic R1), 89.16 (Weekly Classic R1), 89.11 (Hourly 20 EMA) and 89.01 (Monthly High).
The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is still slightly bullish. NZD/JPY has ridden the strength of NZD/USD of late. The kiwi is making highs that were last seen in July 31, 2011 with the Fed turning less hawkish and investors searching for yield. Event risk now follows in Japan with a number of data releases ahead of the Tokyo open that include CPI and jobs data.
NZD/JPY Levels
Spot is presently trading at 89.30, and next resistance can be seen at 89.33 (Daily Open), 89.35 (Daily High), 89.41 (Yesterday's High), 89.54 (Weekly Classic R2) and 89.54 (Daily Classic R2). Next support to the downside can be found at 89.29 (Daily Low), (Daily Classic R1), 89.16 (Weekly Classic R1), 89.11 (Hourly 20 EMA) and 89.01 (Monthly High).